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For the purposes of the Transfer of Property Act, 1882, which of the following statement is not correct?

An English mortgage includes the mortgagor's personal promise to repay the mortgage money on a specified date. The property is transferred absolutely to the mortgagee,…

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For the purposes of the Transfer of Property Act, 1882, which of the following statement is not correct?

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Correct answer A

An English mortgage includes the mortgagor's personal promise to repay the mortgage money on a specified date. The property is transferred absolutely to the mortgagee, subject to a promise to transfer it back when the agreed payment is made. Therefore, the statement that the mortgagor has no personal repayment obligation contradicts the defining feature in Section 58(e).

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